AMD 2011 Annual Report Download - page 55

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the extra week in 2011 did not have a material impact on our results of operations. References in this report to
2011, 2010 and 2009 refer to the fiscal year unless explicitly stated otherwise.
The following table provides a summary of net revenue and operating income (loss) by segment and income
(loss) from continuing operations before income taxes for 2011, 2010 and 2009.
2011 2010 2009
(In millions)
Net revenue:
Computing Solutions .............................................. $5,002 $4,817 $ 4,170
Graphics ........................................................ 1,565 1,663 1,167
Foundry ......................................................... — — 1,101
All Other ........................................................ 1 14 66
Intersegment Eliminations .......................................... — — (1,101)
Total net revenue ...................................................... $6,568 $6,494 $ 5,403
Operating income (loss):
Computing Solutions .............................................. $ 556 $ 529 $ 142
Graphics ........................................................ 51 149 35
Foundry ......................................................... — — (433)
All Other ........................................................ (239) 170 968
Intersegment Eliminations .......................................... — — (48)
Total operating income ................................................. $ 368 $ 848 $ 664
Interest income ....................................................... 10 11 16
Interest expense ....................................................... (180) (199) (438)
Other income (expense), net ............................................. (199) 311 166
Equity income (loss) and dilution gain in investee, net ........................ 492 (462) —
Income from continuing operations before income taxes ....................... $ 491 $ 509 $ 408
Computing Solutions
Computing Solutions net revenue of $5.0 billion in 2011 increased 4% compared to net revenue of $4.8
billion in 2010, primarily as a result of a 16% increase in unit shipments partially offset by an 11% decrease in
average selling price. The increase in unit shipments was attributable to an increase in unit shipments of our
microprocessors, including APU products for mobile devices, as well as our chipset products. Unit shipments of
our microprocessors, including APU products for mobile devices increased due to strong demand for our Brazos
and Llano-based APU platforms. However, the increase in unit shipments in 2011 was limited by supply
constraints with respect to certain microprocessor products manufactured using the 32nm technology node.
Chipset unit shipments increased primarily due to an increase in overall unit shipments of our microprocessor
products. The decrease in overall average selling price was primarily attributable to a decrease in the average
selling price of our microprocessors for servers due to a shift in our product mix and competitive market
conditions as well as sales of our Brazos APU platforms, which have a lower average selling price than our other
processor products.
Computing Solutions net revenue of $4.8 billion in 2010 increased 16% compared to net revenue of $4.2
billion in 2009, primarily as a result of an 18% increase in unit shipments partially offset by a 2% decrease in
average selling price. The increase in unit shipments was attributable to an increase in unit shipments of our
microprocessor products for mobile devices as well as chipset products, resulting primarily from an improved
economic environment. In addition, chipset unit shipments increased as customers increasingly adopted our
chipsets with our microprocessor products, while unit shipments of our microprocessors for mobile devices
increased due to increased demand from existing and new customers for our new notebook platforms. Average
selling price decreased due to a decrease in average selling price of embedded processors, partially offset by an
increase in average selling price of our chipsets and microprocessor products. Average selling price of embedded
processors decreased due to a shift in our product mix to lower-end, legacy products. Average selling price of
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